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Cited by 9FinTech, Crowdfunding, Digital FinanceDigital Transformation in Financial ServicesFinance, Markets, and Regulation

The Impact of Fintech on Financial Institutions: The Case of Georgia

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Lashkhi, Mariam, Charaia, Vakhtang, Boyarchuk, Artem, Ebralidze, Lana·2022·TalTech Journal of European Studies
DOI 10.2478/bjes-2022-0010
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Abstract

Abstract Using Georgia as an example, this article analyses the fintech ecosystem and the impact of fintech companies on traditional financial institutions. Both qualitative and qualitative research has been carried out for this research. Based on the analysis of Georgian and international financial markets, as well as the qualitative and regressive analysis used in the study, assumptions were made about the impact of fintech companies on traditional financial institutions. Moreover, the study identifies the challenges that hinder the development of the fintech ecosystem in Georgia regarding infrastructure, finance, regulation, and education. This article also reveals several aspects that positively affect the outcome of fintech and the diversification of the Georgian financial market. At the end of the article, the relevant conclusions and applicable recommendations are given.

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Research works printed but not linked: 7

  1. Ahmed, O. & Rahman, B. (2020), 'Employees of commercial banks learning to unlearn: A case study on the impact of electronic banking in the commercial banks of Bangladesh,' International Journal of Business and Technopreneurship, vol. 10, no. 1, pp. 31-50.
  2. Artem Boyarchuk, Lana Ebralidze TalTech Journal of European Studies Tallinn University of Technology (ISSN 2674-4619), Vol. 12, No. 2
  3. Charaia, V. & Lashkhi, M. (2018), 'An analysis of the motives underlying foreign direct investments (the case of Georgia),' Central Asia & the Caucasus, vol. 19, no. 4. Retrieved from https://www.ca-c.org/online/2018/journal_eng/cac-04/07. shtml [accessed Oct 2022]
  4. Dasgupta, D. (2015), 'Financial innovation and the state: Lessons for 21st century climate finance from the 19th century railways era,' in Series COP 21 Climate change Conference held in Paris on 30 November -11 December.
  5. Lu, L. (2018), 'Promoting SME finance in the context of the FinTech revolution: A case study of the UK's practice and regulation,' Banking and Finance Law Review, vol. 33, no. 3, pp. 317-343.
  6. Artem Boyarchuk, Lana Ebralidze TalTech Journal of European Studies Tallinn University of Technology (ISSN 2674-4619), Vol. 12, No. 2
  7. Saunders, M. N.; Lewis, P. & Thornhill, A. (2019), Research Methods for Business Students Ebook. Learning, 8th ed., New York: Pearson.

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Authors
Lashkhi, M., Charaia, V., Boyarchuk, A., & Ebralidze, L.
Affiliations
  • European University (GE)
  • Grigol Robakidze University (GE)
  • Tallinn University of Technology (EE)
ORCID
Venue
TalTech Journal of European Studies
Publisher
Walter de Gruyter GmbH
Published
2022-12-01
Volume
12
Issue
2
Pages
20-42
ISSN
  • 2228-0588 (ISSN-L)
  • 2674-4619
DOI
10.2478/bjes-2022-0010
OpenAlex
W4313233094
Cited by
9
References
27
Citations by year
2026: 1 · 2025: 2 · 2024: 4 · 2023: 2
FWCI
1.92
Type
journal article
Language
en
Open access
Licence
Locations
  • TalTech Journal of European Studies (publishedVersion, cc-by-nc-nd)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Management Information Systems › FinTech, Crowdfunding, Digital Finance
  • Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Digital Transformation in Financial Services
  • Social Sciences › Economics, Econometrics and Finance › Finance › Finance, Markets, and Regulation
Keywords
fintech, financial institutions, fintech ecosystem, Georgia, fintech regulation, financial education

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